The year 2024 witnessed a significant surge in the growth and spread of WalletConnect, solidifying its position as one of the pillars of essential infrastructure in the Web3 world. Here are the key milestones that made a difference:
A massive leap in network activity: The number of connections via the WalletConnect network increased by 340%, rising from 41 million connections in 2023 to 179 million connections in 2024.
Expansion of the user base: The platform surpassed the threshold of 4.1 million active and unique wallets, recording an annual growth of 137%.
Launch of the WCT token: In September 2024, WalletConnect launched its $WCT token to enable decentralized governance and smart storage options.
A step towards complete decentralization: The joining of 16 node operators to the network, which helped distribute control and enhance system security.
Establishment of the official foundation: Launching the WalletConnect Foundation to serve as the nucleus for a community-led decentralized network.
First token distribution program: By the end of 2024, 50 million WCT tokens were distributed as rewards to early users and active contributors.
New technological innovations: Launching features such as smart sessions, link mode, and one-click authentication to enhance security and user experience.
$WCT @WalletConnect #WalletConnect